BOK Financial Co. (NASDAQ:BOKF) has earned an average recommendation of “Hold” from the eleven analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $89.14.
A number of analysts have commented on BOKF shares. ValuEngine raised shares of BOK Financial from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Piper Jaffray Companies set a $92.00 target price on shares of BOK Financial and gave the stock a “buy” rating in a report on Friday, October 25th. Morgan Stanley lifted their target price on shares of BOK Financial from $88.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday. BidaskClub raised shares of BOK Financial from a “sell” rating to a “hold” rating in a report on Friday, October 18th. Finally, TheStreet lowered shares of BOK Financial from a “b” rating to a “c” rating in a report on Wednesday, October 30th.
BOKF opened at $87.13 on Friday. The company has a fifty day moving average price of $81.91 and a two-hundred day moving average price of $78.57. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.85 and a current ratio of 0.86. BOK Financial has a 52 week low of $69.96 and a 52 week high of $93.72. The firm has a market capitalization of $5.97 billion, a PE ratio of 12.85, a P/E/G ratio of 1.89 and a beta of 1.30.
BOK Financial (NASDAQ:BOKF) last released its earnings results on Wednesday, October 23rd. The bank reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.08. BOK Financial had a net margin of 22.88% and a return on equity of 11.20%. The firm had revenue of $465.55 million during the quarter, compared to analyst estimates of $461.86 million. During the same quarter in the previous year, the business earned $1.79 EPS. Equities analysts forecast that BOK Financial will post 7.44 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th were issued a $0.51 dividend. This is a positive change from BOK Financial’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, November 8th. This represents a $2.04 annualized dividend and a dividend yield of 2.34%. BOK Financial’s payout ratio is 30.09%.
In other news, Director Steven Bangert sold 5,000 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $82.83, for a total value of $414,150.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 54.90% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in the company. Cibc World Markets Corp grew its holdings in shares of BOK Financial by 37.9% in the 2nd quarter. Cibc World Markets Corp now owns 1,144,570 shares of the bank’s stock valued at $86,392,000 after buying an additional 314,550 shares during the period. Diamond Hill Capital Management Inc. boosted its stake in BOK Financial by 2.5% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 629,179 shares of the bank’s stock worth $49,800,000 after purchasing an additional 15,212 shares during the period. Bank of America Corp DE boosted its stake in BOK Financial by 12.7% in the 2nd quarter. Bank of America Corp DE now owns 380,539 shares of the bank’s stock worth $28,722,000 after purchasing an additional 42,782 shares during the period. Northern Trust Corp boosted its stake in BOK Financial by 1.8% in the 2nd quarter. Northern Trust Corp now owns 206,602 shares of the bank’s stock worth $15,595,000 after purchasing an additional 3,645 shares during the period. Finally, First Trust Advisors LP boosted its stake in BOK Financial by 79.5% in the 3rd quarter. First Trust Advisors LP now owns 198,979 shares of the bank’s stock worth $15,749,000 after purchasing an additional 88,117 shares during the period. 40.01% of the stock is owned by institutional investors.
BOK Financial Company Profile
BOK Financial Corporation operates as the financial holding company for BOKF, NA that provides various financial products and services in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri. It operates through three segments: Commercial Banking, Consumer Banking, and Wealth Management.
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